Ether-Bitcoin Ratio Uptick Fails to Inspire Bullish Positioning in ETH Options

Options data indicates a stronger bearish outlook for ether in the short and long terms, while traders remain bullish on bitcoin due to expectations of it being the first beneficiary of a positive macroeconomic environment.

coindesk.com

Relevant topic timeline:

8/21/2023

Bitcoin price holds $26K as derivatives data hints at end of volatility spike

Bitcoin experienced a significant correction with an 11.4% drop, but analysis of the market structure suggests that whales and market makers remain optimistic, with the derivatives market quickly absorbing the shock and options markets showing no signs of bearish sentiment.

8/27/2023

Bitcoin price stability creates lucrative setups in TON, XMR, MNT and QNT

Bitcoin's velocity has decreased to a 3-year low, potentially suggesting that whales are holding onto their positions rather than transferring ownership to new investors. Meanwhile, select altcoins like Toncoin, Monero, Mantle, and Quant are showing signs of strength and could present short-term trading opportunities depending on Bitcoin's next move.

9/12/2023

Bitcoin Slides 15% Since July As Macro Uncertainty Weighs Despite Bullish Fundamentals

Bitcoin's recent 5% increase after testing the $25,000 support level doesn't necessarily indicate a victory for bulls, as Bitcoin has struggled to gain momentum despite significant catalysts, while bears have their own advantages like ongoing legal cases and financial troubles for Digital Currency Group. Derivatives metrics show a lack of demand for leveraged long positions, but options markets indicate equal odds for both bullish and bearish price movements.

9/19/2023

Cryptocurrencies Gain Ahead of Fed Decision on Interest Rates

Bitcoin and other cryptocurrencies experienced a rise in value as traders made bullish bets in anticipation of the Federal Reserve's interest rate decision, though this surge may be premature.

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Posted 8/23/2023, 10:50:00 AM